Citing Odaily, Vaulta Foundation, formerly the EOS Network Foundation, faces severe community backlash over alleged mismanagement and lack of transparency. The foundation is accused of failing to deliver on promises of transparency, misusing funds, and failing to address the sharp decline in the $A (EOS) token price. Key issues include unexplained marketing expenses, a controversial $5 million middleware grant to Greymass, and a complete halt in financial reporting since 2024. Former CEO Yves La Rose resigned in November 2025 but retained control of core multisig accounts, raising further concerns about accountability.
Vaulta Foundation Accused of Five Major Misconducts Amid Community Trust Collapse
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